According to XRPscan, Jed McCaleb, who helped found Ripple and was its first CTO, dumped 100.8 million XRP.

On April 6, McCaleb received 364,768,757 XRP of the XRP cryptocurrency, according to data fromXRPscan“.

At the current exchange rate of XRP, this amount represents $474.1 million.

Jade McCaleb continues to sell his XRP:

Ripple’s co-founder and first CTO conducted nine transactions, carrying a total of 100.8 million XRP from his “tacostand” digital wallet.

Each of them carried either 12 million or 8.4 million XRP.

Today’s trade value is 8.4 million XRP.

Prior to the transfer on April 4, McCaleb took a month-long break before re-offering his XRP for sale.

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For the record, when Jed McCaleb left Ripple (which started as OpenCoin a year ago), he received a compensation of 9 billion XRP for co-founding the company and helping him as a technical officer.

The settlement agreement prevented him from selling all 9 billion XRP at once to prevent a price crash.

So Jade McCaleb started big XRP sales in 2018, offering close to 6 million XRP periodically.

On December 6, 2020, McCaleb sold 29.5 million XRP in one day.

Analysts expect XRP sell-off to continue:

This week, researcher Leonidas Hadjiluiso wrote on Twitter that McCaleb plans to sell 8.4 million XRP on a daily basis.

As of April 18, McCaleb will likely increase sales to over 40 million XRP per day.

At the current selling pace, McCaleb’s XRP may be exhausted by August of this year.

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In the event that he increases the amount of XRP he is offering for sale to more than 40 million on a daily basis, his XRP may expire earlier than expected.

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